Highland Park, Texas
Highland Park Construction Loans
Highland Park is one of the most exclusive and expensive residential markets in Texas, with property values and build costs that demand a lender experienced in super jumbo construction financing. A Highland Park one-time close construction loan is designed for the unique challenges of building in this historic, architecturally significant community.
The Highland Park Market
Custom Home Construction in Highland Park
Highland Park's custom home market is defined by strict architectural guidelines, historic preservation standards, and some of the highest per-square-foot construction costs in the state. Builds frequently involve teardowns of existing homes to access prime lots, with new construction often exceeding $500 per square foot. Total project costs in Highland Park routinely range from $3 million to $15 million and beyond, placing these loans firmly in the super jumbo category. A lender handling Highland Park construction must understand complex appraisals, high reserve requirements, and the extended timelines that luxury builds in this market require.
Typical Build Budget
$3M – $15M+
Loan Type
One-Time Close
Why One-Time Close
Why Highland Park Borrowers Prefer a One-Time Close
Highland Park builds are complex, high-value projects that can take 18 to 24 months to complete. A one-time close construction loan locks your permanent financing before construction begins, which is critical when dealing with loan amounts in the super jumbo range. Even a quarter-point rate increase on a $10 million loan adds $25,000 per year in interest. One closing also eliminates duplicate costs on title insurance and origination fees that would be substantial at this loan size.
Single closing with one set of closing costs
Permanent interest rate locked before construction begins
No need to re-qualify after construction is complete
Interest-only payments during the construction period
Automatic conversion to permanent mortgage at completion
Loan Programs
Construction Loan Options in Highland Park
One-Time Close Construction Loan
Single-close super jumbo financing with rate certainty for complex Highland Park builds.
Super Jumbo Construction Loan
Construction financing for Highland Park estates exceeding $3 million, with portfolio underwriting for complex borrower profiles.
Lot & Land Financing
Acquire a Highland Park lot with financing that rolls into your construction loan.
Where to Build
Notable Highland Park Communities
Highland Park Proper
The historic original section with mature landscaping, architecturally significant homes, and the area's highest property values.
Highland Park West
An extension of the Highland Park community with luxury custom estates and proximity to the HPISD schools.
Builder Network
Premier Custom Builders in Highland Park
We work with Highland Park's top custom home builders. While you may choose any licensed builder, here are some of the premier builders active in the Highland Park market:
FAQ
Highland Park Construction Loan FAQs
What is the maximum construction loan amount in Highland Park?
There is no fixed maximum. Super jumbo construction loans in Highland Park can exceed $10 million depending on your qualifications, the appraised value of the completed home, and your builder's budget. Darren Davey has closed loans exceeding $8 million.
Can I finance a teardown and rebuild in Highland Park?
Yes. A one-time close construction loan can finance the purchase of an existing Highland Park home, demolition, and new construction in a single loan. This is a common approach for accessing prime lots in this market.
How long does a Highland Park custom build take?
Luxury custom homes in Highland Park typically take 18 to 24 months due to architectural complexity, strict town guidelines, and high-end finishes. A one-time close loan covers the entire construction period.
Ready to Build in Highland Park?
With 26 years of mortgage experience and over $334 million funded since 2022, Darren Davey is your Highland Park construction loan expert. Let's discuss your project.